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LSE set to give Furse further pay boost

The London Stock Exchange is set to introduce amendments to its executive remuneration policy that could see chief executive Clara Furse's compensation swell a further Â£540,000 (â‚¬675,945) next year after she enjoyed a 16% pay hike last year.

The LSEâ€™s annual report published on Thursday revealed that the maximum value of shares awarded to Furse based on the company's performance would be doubled to 200% of her base salary. This, the bourse claims, brings Furseâ€™s pay on par with her peers at other FTSE companies. Other executives' share awards, as part of a long-term incentive plan, will move from 100% to 150% of base salary.

Furseâ€™s base salary rose by 17.5% to Â£481,750 in the year to the end of March. A further 12% rise to Â£540,000 is planned for the current financial year. The LSE chiefâ€™s annual bonus rose 15% to Â£1m as part of a total pay package of Â£1.6m. Massimo Capuano, deputy chief executive of the LSE, received Â£838,000 in compensation for the six-month period, on a par with Furse's compensation on a pro rata basis.